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>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned d
>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down...
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. >> steve barton and eric fuller, thanks, both of you for coming on the program. >> what does it mean and by it, i mean the second >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. >> a well-regulated militia being necessary to the security of a free state the right of the people to keep and bear arms shall not be infringed. what does that mean? joining me to answer is adam winkler, professor of constitutional law. explain it, those few words have sparked controversy dispute explain to us a little bit about the history of the words and how you understand them under current legal jurisprudence in terms of the capacity to impose gun control. >> those words have doubled to americans for a long time. it's as if this wonderful thing the karma was discovered and wanted to put it in there. as a long time, people have been confused. a landmark case, district of columbia versus he willer
. >> steve barton and eric fuller, thanks, both of you for coming on the program. >> what does it mean and by it, i mean the second >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. >> a well-regulated militia being necessary to the...
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. >> steve, good to have you on the program. >> thanks, maria. appreciate it. >> always nice to see you. new york presbyterian ceo. >>> will will move your money first thing tomorrow morning? we'll check it out for you. three of wall street's top experts weigh in. stay with us on "the closing bell." [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. ha
. >> steve, good to have you on the program. >> thanks, maria. appreciate it. >> always nice to see you. new york presbyterian ceo. >>> will will move your money first thing tomorrow morning? we'll check it out for you. three of wall street's top experts weigh in. stay with us on "the closing bell." [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch...
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welcome, steve. i hope you feel better. >> that's nice about you. >> i wasn't talking about myself. 1823, silent films star harold lloyd gave us a thrilling moment in american history. here it is. ♪ >> there was no computer generated special effects back then. that was a literal cliff-hanger, and 90 years later it keeps you on the edge of your seat. the literal cliff-hanger is what we have in congress right now. there's little to no doubt we'll avoid doomsday, but for a while we hang over the aabyss in a daredevil stunt of our own making. this makes americans believe congress is a bunch of big, fat liars. when it comes to honesty, congress ranked so low they're second to used car salesmen. it's a fee even harold lloyd wouldn't attempt to pull off in exchange for an over climactic conclusion. today we debay tut the wheel of fortune style. we use it to determine how to refer to the debate. cliff, slope, fiesta or follies. today we go to fiscal fiesta. are you ready for this fiesta party? >> i'm thril
welcome, steve. i hope you feel better. >> that's nice about you. >> i wasn't talking about myself. 1823, silent films star harold lloyd gave us a thrilling moment in american history. here it is. ♪ >> there was no computer generated special effects back then. that was a literal cliff-hanger, and 90 years later it keeps you on the edge of your seat. the literal cliff-hanger is what we have in congress right now. there's little to no doubt we'll avoid doomsday, but for a...
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steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> we're getting our first look at ashton kutcher as steve jobs this morning. here is cnn's michelle turner. >> we can share the first image from the film which stars ashton kutcher behind the legen
steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and...
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>>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season? >>> all and that a federal case of it. why when it comes to gay marriage the train can't be stop. neither can we. it's "the cycle" and it's monday, december 10th. >>> it's monday, fun day here at "the cycle." let's get the party started. where will it land today? fiscal cliff? huh. so much for fun. well you know what? we at "the cycle" can make it fun. look at this. the president living it up in motown last hour calling on republicans to stop being party poopers. >> i believe america only succeeds and thrives when we've got a strong and growing middle class. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want a tax code that rewards businesses and m
>>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season? >>> all and that a federal case of it. why when it comes to gay marriage the train can't be stop. neither can we. it's "the cycle" and it's monday, december 10th....
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. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash flow that higher income individuals, not all of them but many of them will get. and much of that will end up being spent. >> you acknowledge that university in michigan consumer sentiment, that was big decline. and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect e
. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash...
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back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. you just heard from timothy geithner. did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any clo
back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations...
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>> well, i would actually say to steve the fourth, and that's the secretary of state position is actually softened hillary clinton. she's been made accessible and precisely because of the work she's done with women and children but also she's been able to demonstrate her tenacity but also her leadership on a global level where it's no longer is she part of the bill and hillary team now, but every time someone mentions clinton you first think of hillary and then think of bill. that demonstrates not only has she been able to become more accessible, but more importantly she's been fierce all on her own as a leader. >> jonathan, let me play with james carville said about a possible hillary clinton candidacy. take a listen. >> every democrat i know says, god, i hope she runs, we don't need a primary. the democrats want her to run. i don't mean a lot of democrats, i mean a whole lot of democrats, like 90% across the country. >> okay, john. so when you look at the roster of likely gop candidates from bobby jindal, rick santorum possibly, chris christie, marco rubio, would any of them be able to
>> well, i would actually say to steve the fourth, and that's the secretary of state position is actually softened hillary clinton. she's been made accessible and precisely because of the work she's done with women and children but also she's been able to demonstrate her tenacity but also her leadership on a global level where it's no longer is she part of the bill and hillary team now, but every time someone mentions clinton you first think of hillary and then think of bill. that...
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steve, i think i can go back to my phone conversation and i am glad to have you back. >>> we have clear skies and patchy fog out in the valley and a good breeze, it is 60 degrees in downtown oakland and that system up in the gulf of alaska will be here with a change in our pattern. we will have more coming up in about five minutes, pam? >>> ktvu channel 2 morning news was the first crew on the scene, a big-rig burst into flames we have more on what we learned about the people inside. >>> the man accused of kidnapping and killing a missing morgan hill teen is expected to be in court and what the next step is for him. >>> and there is a crab fisherman strike coming up. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payme
steve, i think i can go back to my phone conversation and i am glad to have you back. >>> we have clear skies and patchy fog out in the valley and a good breeze, it is 60 degrees in downtown oakland and that system up in the gulf of alaska will be here with a change in our pattern. we will have more coming up in about five minutes, pam? >>> ktvu channel 2 morning news was the first crew on the scene, a big-rig burst into flames we have more on what we learned about the people...
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secretary of state meeting with the russian counterpart, david and steve, this is both to you. david, let me start with you. it looks like the russians are looking for a way out of supporting assad. are we there yet? >> not quite there but they're getting pretty close. the russians sniffed the decay of power faster than almost any nation on earth. the chinese are also good at that. i've come to the conclusion that at this point assad's days are numbered. now whether you measured those numbers in months or weeks, they don't know. but the russians have a lot at stake here. they're only outside of russia naval base is in seyria. they want to make sure if there's a transition, they're involved to preserve that. >> and, steve, if the russians back out, does that mean the first action then that -- will we see emergency action at the u.n. perhaps this weekend? when is all this coming to a head? >> i think the russians keep moving in the direction they are, i do think they're there, sending all the signals that they are done with assad and so the market signals are there. i think you'l
secretary of state meeting with the russian counterpart, david and steve, this is both to you. david, let me start with you. it looks like the russians are looking for a way out of supporting assad. are we there yet? >> not quite there but they're getting pretty close. the russians sniffed the decay of power faster than almost any nation on earth. the chinese are also good at that. i've come to the conclusion that at this point assad's days are numbered. now whether you measured those...
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joining us now to discuss is steve, chair of the gay and lesbian victory fund. great to have you. >> nice to be here, alex. s. >> so a lot of tea leaf read and arm chair prognostication around this. i am by no means a supreme court expert, but when i saw that they were taking up both doma and prop 8, question as to whether they would take up inform i them at all, it seemed to me a signal that the court was ready to make a big decision, and i just cannot imagine, especially when you have conservatives like john roberts, who maybe sort of a fiscal conservative and vote in support of something like citizens united, but socially does not seem to be as conservative as, say, scalia. that they would be looking at the ark of history and say they are ready to make this law of the land. your intripgs now three days after they announced? are you feeling bullish or bearish? i asked you this on friday. i ask again. >> i'll bullish. i think the court wants to get in front of history and behind it. it is so clear where the country is moving. there is a poll this morning that s
joining us now to discuss is steve, chair of the gay and lesbian victory fund. great to have you. >> nice to be here, alex. s. >> so a lot of tea leaf read and arm chair prognostication around this. i am by no means a supreme court expert, but when i saw that they were taking up both doma and prop 8, question as to whether they would take up inform i them at all, it seemed to me a signal that the court was ready to make a big decision, and i just cannot imagine, especially when you...
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we can talk about how we do it -- >> get specific, steve, because when you start talking about fixing the entitlement program, we're clear, social security is off the table. >> we're not clear. no. >> no. what secretary geithner has said on a separate process. >> eric, we've talked to some degree about the back and forth within the republican party on this deal but haven't spent as much time on what's happening on the left in terms of what the democrats will stomach in terms of entitlement reform if any at all. do you think there is a wing of the party that believes that this process can happen without reform on entitlements? >> no. i don't think anybody who's seriously in the game thinks that. i think the question is, how much do you have to give up, is it reasonable? what are you getting in return as michael said on the other side in terms of tax revenues. so, you know, i think there is a consensus that there has to be a balanced approach and that's what we're going to see happen. the thing about entitlements is republicans haven't really come forward with any specificity as they ha
we can talk about how we do it -- >> get specific, steve, because when you start talking about fixing the entitlement program, we're clear, social security is off the table. >> we're not clear. no. >> no. what secretary geithner has said on a separate process. >> eric, we've talked to some degree about the back and forth within the republican party on this deal but haven't spent as much time on what's happening on the left in terms of what the democrats will stomach in...
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steve, i want to go to you first on this. there has been a lot of discussion and a lot of back and forth whether it's a good thing for marriage equality for the supreme court to take up these issues. some folks think better to leave it at the state level. there has been a lot of progress there. are you bullish or bearish on this? >> i'm bullish. i think the supreme court is going to do the right thing. you know, it's hard to predict, but i think the country has been moving so fast in the right direction. the court is not immune to public opinion. the court is not immune to the wind blowing through the country. and it's so clear where we're moving and the progress we've made in the last five years has been amazing. and i think the court is going to do the right thing. >> chris, let's talk a little bit about public opinion. because we have some polling that shows a breathtaking change of public opinion on this. in 2008, 36% of the country supported same-sex marriage. by this year, 48% support same-sex marriage. 46% oppose it. a
steve, i want to go to you first on this. there has been a lot of discussion and a lot of back and forth whether it's a good thing for marriage equality for the supreme court to take up these issues. some folks think better to leave it at the state level. there has been a lot of progress there. are you bullish or bearish on this? >> i'm bullish. i think the supreme court is going to do the right thing. you know, it's hard to predict, but i think the country has been moving so fast in the...
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interviews, endearing, and put the burden on him and the third is rebellion and charles krauthammer and steve forbes and the media like that story the least. >> i think there's a 6th story, jim. which is the media that quote progressive media of msnbc, tipping down to the white house to have an earnest chat to chat with the president about how important not going over the fiscal cliff is, and how important it is that they persuade their viewers to lean on those people who oppose them, so that they can actually avoid the cliff. that's amazing. >> you know, the media did not include the people who are not included, there was tom hartman, allen colmes and a lot of people who the white house left out of that meeting and in terms of who they put up and put out. media put out the story without doing their homework. >> there was a column by george will, bewitched by obama, even jonathan swift who said that promises and pie crusts are made to be broken and marvelled at the limited shelf life of a barack obama's promise of balanced debt reduction plan. is there any media pressure on the white house? >
interviews, endearing, and put the burden on him and the third is rebellion and charles krauthammer and steve forbes and the media like that story the least. >> i think there's a 6th story, jim. which is the media that quote progressive media of msnbc, tipping down to the white house to have an earnest chat to chat with the president about how important not going over the fiscal cliff is, and how important it is that they persuade their viewers to lean on those people who oppose them, so...
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i mean, steve. i was building the studio and the green room said we were having coffee and there is it a great deal of pride with joprotects like that. >> i was a plumber and a roofer . my family was in construction. college is simply not for everyone. >> i with the college tuition crisis looming and you have children. 50 percent can't find jobs. mr. #1: a lot of people watching right now. they are in high school or about to graduate this coming year or family members who are in that and look thinking about what is next. >> this could be their life line. young guys getting into a trade it is not that long to learn and within a year or two you are cost effective and a good employee and you can make a living at it >> steve: how do you start. >> get out there and sell yourself. if you are a eager young guy and fire in the gut. a good employer will hire you on the spot. >> steve: and andy, your website. blue collar corner.comor see me on facebook. >> steve: thank you. straight ahead on monday morning, i
i mean, steve. i was building the studio and the green room said we were having coffee and there is it a great deal of pride with joprotects like that. >> i was a plumber and a roofer . my family was in construction. college is simply not for everyone. >> i with the college tuition crisis looming and you have children. 50 percent can't find jobs. mr. #1: a lot of people watching right now. they are in high school or about to graduate this coming year or family members who are in...
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steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. i have obligations. cute toblig
steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is...
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steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't destroyed anything. we're here to protest. that is our constitutional right. >> what is or is not constitutional in egypt these days is in flux. it's set to be voted nonnational referendum on december 15. until then, both sides marshall the forces. demonstrating the support on the street. the number of protesters declineed. to just a few thousand tonight. the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential pal
steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't...
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. >> i'm steve kornacki, more than aa million americans spanning all ages and races share one common belief. god is alive and well, but this isn't your parents' religious renaissance. >> na non-believer's prayers have been answered. doug dynasty invited me on a hunt, and i'm taking you all, too, today on "the cycle." >>> for those of you counting, it's just 27 days, eight hours and 59 minutes until the ball falls in times square. what did you think i was talking about? all those spending cuts and tax hikes that go into effect if washington doesn't make a deal. that means four more weeks of spinning our wheel of misfortune. where will it land today? follies. that's the perfect term. both sides miles apart. wall street remains optimistic a deal will be reached by january 1st. perhaps in a nod to investors, the president gave his first post-election interview today to none other than bloomberg tv. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign, which is a balanced, responsible approach to deficit reduction
. >> i'm steve kornacki, more than aa million americans spanning all ages and races share one common belief. god is alive and well, but this isn't your parents' religious renaissance. >> na non-believer's prayers have been answered. doug dynasty invited me on a hunt, and i'm taking you all, too, today on "the cycle." >>> for those of you counting, it's just 27 days, eight hours and 59 minutes until the ball falls in times square. what did you think i was talking...
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thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we ma
thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made...
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Dec 3, 2012
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steve, jump in. what about the fundamentals. >> i actually shorted gm this morning. both have had a great few weeks, couple of months but it's important to bring perspective. if you look at a long-term chart of ford, you see this stock is trading where it was in 1993. back in 1993 i was in college. i was doing beer bongs and listening to pearl jam. that was a heck of a long time ago to be at the exact same price point. when you hear stories about detroit's renaissance, detroit comebacks, have you to be skeptical but they term out as well as brett favre comebacks. >> sure. >> wow. wait a second, you shorted gm this morning? you shorted gm this morning? >> this morning. the reason i did -- >> that was actually a good play. truth is, gm is up quite a bit more than ford year to date. obviously, you picked out the one today that's quite weak. in '93 i was sloging away at my first or second job out of college. these have not been great investments long term and everybody knows that. general motors, the one we're looking at is new iteration. the last one being bankrupt. day
steve, jump in. what about the fundamentals. >> i actually shorted gm this morning. both have had a great few weeks, couple of months but it's important to bring perspective. if you look at a long-term chart of ford, you see this stock is trading where it was in 1993. back in 1993 i was in college. i was doing beer bongs and listening to pearl jam. that was a heck of a long time ago to be at the exact same price point. when you hear stories about detroit's renaissance, detroit comebacks,...
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Dec 2, 2012
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not very encouraging, steve. good morning. >> reporter: certainly not. in a blow to the egypt constitutional court. judges were going to meet today but the building they were going to meet in was surrounded by protesters in favor of the egypt president mohammed morsi. the judges were too concerned about trying to enter the building. they failed to do so. they said they would not meet anymore under the atmosphere of fear and intimidation. to an example of mob rule here. justices building surrounded and the justices failing to meet today. as far as the constitution, pushed through in one night, earlier in the week, it's now set to go to a referendum. nationwide vote on this. december 15. president morsi said those extreme powers which he adopted would be void. perhaps in two weeks time if the constitution is adopted. finally, another show of public support for the president, demonstrators came out here to the university of cairo yesterday. again, in support of president morsi. many of them from the muslim brotherhood. about 200,000 strong. much larger crow
not very encouraging, steve. good morning. >> reporter: certainly not. in a blow to the egypt constitutional court. judges were going to meet today but the building they were going to meet in was surrounded by protesters in favor of the egypt president mohammed morsi. the judges were too concerned about trying to enter the building. they failed to do so. they said they would not meet anymore under the atmosphere of fear and intimidation. to an example of mob rule here. justices building...
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Dec 6, 2012
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. >> eric: thank you, steve. get out of here. get the studio back. >> fine. >> throw another log on. ♪ ♪ >> andrea: was up with of the wise men dr. manny with the beard? looks just like him! >> you are okay with the baby? you said you played baby jesus in the manger. >> bob: yeah. >> eric: broke the manger. >> greg: can i point something out, i was on the first fox and friends christmas special and they edited me out. because i was horrible. i will never do holiday specials because i hate them. anyway -- >> dana: you were good at the one we tried to do the other day. >> greg: thank you. this is my bus. my bus. which means the bus tour is back on december 15. through december 17. saturday and monday i'll be in texas, oklahoma, louisiana. if you want to find out more about it go to ggri ggetfeld.co. i'll be at the bookstores signing books. >> eric: "new york times" best seller list, people. don't forget. >> dana: big news today. jim demint of south carolina made a big announcement. he recently won in 2011. and he will be leavin
. >> eric: thank you, steve. get out of here. get the studio back. >> fine. >> throw another log on. ♪ ♪ >> andrea: was up with of the wise men dr. manny with the beard? looks just like him! >> you are okay with the baby? you said you played baby jesus in the manger. >> bob: yeah. >> eric: broke the manger. >> greg: can i point something out, i was on the first fox and friends christmas special and they edited me out. because i was horrible. i...
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Dec 6, 2012
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never ask the question, what would steve do? to just do what is right. >> man who acceseldom talks abo himself offer or his company, it is a fascinating conversation with cook, tonight, on rock center. >>> and up next, news for young mothers everywhere to remember while having a rough time of it with the kids. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matched up to the dr. scholl's custom fit orthotic inserts with the support i needed. now, i play all day long! my feet. my number. my inserts. go to drscholls.com to find your closest walmart with a foot mapping center. i'm a believer! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care profess
never ask the question, what would steve do? to just do what is right. >> man who acceseldom talks abo himself offer or his company, it is a fascinating conversation with cook, tonight, on rock center. >>> and up next, news for young mothers everywhere to remember while having a rough time of it with the kids. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my...
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how are you not steve jobs? >> in many ways. one of the things he did for me that removed a gigantic burden that would have normally existed is he told me on a couple of occasions before he passed away to never question what he would have done, never ask the question, what steve would do, to just do what's right. >> doing right has done well for tim cook so far. he's had a good first year on the job. the company's stock is up about 45% during his tenure. and think about this, he's already presided over the rollout of three ipads, two iphones and three macs. >> it is beautiful. stunning. >> you've got guys whose job it is to get this mesh right, to get this curve right. >> to get it precisely right. >> in fairness, however, this past year, they haven't gotten everything precisely right. >> weather. >> nice weather -- >> starting with siri, the small woman who lives in your iphone. the service amazed all of us at first, but then came under criticism for not being perfect or as consistently amazing as steve jobs wanted it to be. th
how are you not steve jobs? >> in many ways. one of the things he did for me that removed a gigantic burden that would have normally existed is he told me on a couple of occasions before he passed away to never question what he would have done, never ask the question, what steve would do, to just do what's right. >> doing right has done well for tim cook so far. he's had a good first year on the job. the company's stock is up about 45% during his tenure. and think about this, he's...
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Dec 6, 2012
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steve latourette said some people who call me, they're more worried about the fiscal cliff than about rates going up a couple of points. thomas rooney in your party, if there is truly entitlement reforms that's going to preserve social security and medicare for generations to come, it's going to be very difficult for me to oppose higher rates for the rich. what about that? >> and to mr. rooney's point, if in fact there were fundamental, significant reform of medicare, medicaid and social security so that we in fact save and strengthen and secure those programs, just like we did in our budget,those were included in the president's proposal, then that's something that we would talk about and very seriously consider because there's where we got to get. we got to get real solutions. the problem with the president's proposal is it's not a real solution, it's all politics. >> congressman tom price, thank you for coming on the program. >> we've been talking about the president's advantage right now. so, karl rove was not about to sit on the sidelines. his crossroads gps is running a spot tod
steve latourette said some people who call me, they're more worried about the fiscal cliff than about rates going up a couple of points. thomas rooney in your party, if there is truly entitlement reforms that's going to preserve social security and medicare for generations to come, it's going to be very difficult for me to oppose higher rates for the rich. what about that? >> and to mr. rooney's point, if in fact there were fundamental, significant reform of medicare, medicaid and social...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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. >> steve: bob massi, thank you very much. >> thank you, steve. >> steve: all right. if you have questions, log on to our web site. they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about that. and take a look at these guys, they got high, went for a drive. so what's the plan to keep roads safe now that marijuana is legal in a couple of states? don't ask the government. they haven't figured it o yet. so for now, is your road safety at risk begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. yep. the longer you stay with us, the more you save. and when you switch fro
. >> steve: bob massi, thank you very much. >> thank you, steve. >> steve: all right. if you have questions, log on to our web site. they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about...
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>> steve, i like the humor around the group, and i think it's a slightly schizophrenic time. i think one can be deeply worried about the compression of growth, the collapse of inflation, and the possible revival of 1930s style policies around the world. that's deeply worrying. on the other hand, i think there is some space to be slightly optimistic that we're opening up opportunities for what i call a pivot to inhe flags both here in the united states and around the world. >> this is just around the corner, and it's going to destroy the economy and inflation has not ticked up. it's been low for the past few years. you say maybe a little inflation wouldn't be bad for the economy right here. kind of a counterintuitive argument to make. can you lay that case out a little bit? >> yeah. the big concern when you have a heavily indekted economy here in the united states and around the developed world the last thing you want is deflation, because that means the debt burdens get heavier and it becomes harder to pay them off. what you want essentially is some inflation. not high inflat
>> steve, i like the humor around the group, and i think it's a slightly schizophrenic time. i think one can be deeply worried about the compression of growth, the collapse of inflation, and the possible revival of 1930s style policies around the world. that's deeply worrying. on the other hand, i think there is some space to be slightly optimistic that we're opening up opportunities for what i call a pivot to inhe flags both here in the united states and around the world. >> this...
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we can talk about how we do it. >> you have to be specific, steve. because when you talk about fixing the entitlement programs, we're clear, social security is off the table. what do you mean? >> what secretary geithner said is on a separate process. >> we're talking about between now and 30 days from now. >> this is preeminently where a president has to lead and be specific. you can't expect the republicans to lead on an area that he's dominated in politically. >> here's an entitlement idea, a way to help support medicare, let them dictate price -- drug prices. >> steve, this, to me, is a much more interesting debate than tom and dan. because i think the president has done exactly what he's done in the past in this negotiating. he's not grinding it out with speaker boehner. he's out giving speeches, rallying his base. meeting with groups like moveon.org. how will he be able to walk back from the position he's taken? with the base of your conference feel like he caved. the president just won this historic re-election, how can he walk back now after h
we can talk about how we do it. >> you have to be specific, steve. because when you talk about fixing the entitlement programs, we're clear, social security is off the table. what do you mean? >> what secretary geithner said is on a separate process. >> we're talking about between now and 30 days from now. >> this is preeminently where a president has to lead and be specific. you can't expect the republicans to lead on an area that he's dominated in politically. >>...
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had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if you can't afford boots. they don't care if you are poor. it's your fault. when mitt romney said the 47% comment and when he was recovered on that finance call after losing the election saying that, you know, obama will be giving out presents to people and you had some serious people in the room and say mitt romney is wrong. he shouldn't be saying this. >> that's not how we feel they certainly govern like they feel that way. you can listen to talk shows and hear anybody underscore what mitt romney's sentiment was but as far as congress was, republicans gone like mitt romney talks. >> yeah.
had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if...
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. -- critics in the senate. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >> i left that meeting with less of a feeling about her judgment and about her suitability to be secretary of state. >> moderate republican senator susan collins still expressing doubts after meeting with u.n. ambassador susan rice and we are back with the panel. it's fair to say it s
. -- critics in the senate. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't...
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Dec 3, 2012
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steve says for year end i have been selling off shares of general laelectric. cheryl tweeted sprint. and mighty mouth said i sold most of my big dividend payers a few weeks ago. ge is one of the dividend paying stocks. >> i think that pete is more of a gangnam style dancer. >> every night of the week. >> skinny jeans while dancing gangnam style. >>> let's go around. what is your leave it in 2012? >> i never understood this story. it has a $175 billion market cap. for all of the variety of reasons that i never understood this particular social gaming site i think it will go lower. >> when you say leave it in 2012 you mean you could short the stock with this decline? >> yeah. and there are shorts in the stock. >> intel. i think pete may be out of the need. the chart is terrible. i liked it for a brief couple of months. pc market still questioning intel. >> amazon, the margins are microscopic. you have to make money and generate profits. this is not one i would short. >> gm real quick. a monster move from july. you might want to say it was a storm. i think gm you
steve says for year end i have been selling off shares of general laelectric. cheryl tweeted sprint. and mighty mouth said i sold most of my big dividend payers a few weeks ago. ge is one of the dividend paying stocks. >> i think that pete is more of a gangnam style dancer. >> every night of the week. >> skinny jeans while dancing gangnam style. >>> let's go around. what is your leave it in 2012? >> i never understood this story. it has a $175 billion market...
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steve, no dolphins -- i thought dolphins -- how many games did you lose? >> well, we've lost seven games. >> you won a few good games. >> at the end of the day, you're in the business to win. you don't like being under 5-7 isn't exactly -- >> have you talked to woody? >> woody is one guy who will make me feel better. >> new york is a lousy place if you're not winning. >> to stink. >> any place is a lousy place if you're not winning. >> exactly, in january i'd rather be losing in miami than in new york. >> that's because you don't own the team. >> thank you very much. >> thank you. pleasure being here. >>> when we come back. we have a lot still to come. steny hoyer on the fiscal cliff talks. then at 8:15 eastern, we have the adp numbers. mark zandi is here to talk through the market reaction. >>> 8:40 eastern, jeffrey solomon will be stopping by. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one
steve, no dolphins -- i thought dolphins -- how many games did you lose? >> well, we've lost seven games. >> you won a few good games. >> at the end of the day, you're in the business to win. you don't like being under 5-7 isn't exactly -- >> have you talked to woody? >> woody is one guy who will make me feel better. >> new york is a lousy place if you're not winning. >> to stink. >> any place is a lousy place if you're not winning. >>...
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. >> i was on the stage afterwards talking to steve van zandt and max, and all of a sudden they were looking behind me. they moved away and stopped talking. so i turned around, and there he was. >> and there he was. >> there he was. >> and he gave you -- >> he put his hand out, and i shook his hand. i tried to be cool, i wasn't. >> no. >> and then he said, come on, give me a hug. and i said, all right. and i hugged him, and -- >> and did he go, come on, stop. >> no. you know, that's always hard to judge, right. when do you stop the man hug? it's hard -- >> you got to give also this, the pat, or did you just go slow dance? >> no, i went slow dance. >> you've got to be kidding. >> i went slow dance. i did. >> no pat? >> no pat, i went slow dance. but then he said the most amazing thing to me. he said, it's official, we're friends. >> oh, wow. that's nice. that's nice. >> sounds like getting a knighthood, a jersey knighthood. >>> next, remember this from the final days of the presidential campaign? >> i will come on "morning joe" and i will shave off my mustache of 40 years if we lose a
. >> i was on the stage afterwards talking to steve van zandt and max, and all of a sudden they were looking behind me. they moved away and stopped talking. so i turned around, and there he was. >> and there he was. >> there he was. >> and he gave you -- >> he put his hand out, and i shook his hand. i tried to be cool, i wasn't. >> no. >> and then he said, come on, give me a hug. and i said, all right. and i hugged him, and -- >> and did he go,...
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today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behav
today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure...
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and steve's wife is pretty young. and what is wrong with that? with five minutes left, 66-58. what is a nice is that he is able to return home. he was a coach at ucla, he worked on espn and he is now back with a st. john's. we will have that more at 11:00 p.m. >> the raiders have been without their coach. we are talking about and dennis allen whose father passed away today in texas. cree texasgrady.... allen was a professional player in the 1960's and introduced his son into football. and dennis allen is the head coach of the oakland raiders. this statement released that they are very sad that the coach released. he will be back on thursday for the denver game. they will extend their sincere condolences for the entire family. a quick turn around. sunday-thursday, patent manning and the denver broncos at the oakland coliseum. >> the 49ers could give a shot to the no. 2 draft shot. look at frank. he has had shoulder problems. and candle hunter is out for the season with his braque and now, james. this second to pick out of... and lamicheal.. >> i will let you know that i will pl
and steve's wife is pretty young. and what is wrong with that? with five minutes left, 66-58. what is a nice is that he is able to return home. he was a coach at ucla, he worked on espn and he is now back with a st. john's. we will have that more at 11:00 p.m. >> the raiders have been without their coach. we are talking about and dennis allen whose father passed away today in texas. cree texasgrady.... allen was a professional player in the 1960's and introduced his son into football. and...
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let's check in with steve. >>> tara, thank you. rain steady, moderate, almost approaching heavy now. you can see an enhancement taking place. maybe a quarter inch to an inch of rain along the san mateo coast, skyline and santa cruz mountains. already san francisco is approaching a half inch of rain. another quarter to an inch to the north and south. but there is a pretty good looking ban going over us. san francisco almost a half inch of rain. there is a line. you can see stretching from concord back over toward berkeley and highway 24. and right toward san francisco you can see that is pretty heavy rain right off the marin head lands. there is pockets of very heavy rain there. it looks like it's flowing south. you can see right off the coast as well things have been enhancing. also over toward interstate 80 over toward hercules, pinole, and back over toward lafayette. things are beginning to fill in. overall the line is taking a west to east angle and it's moving over us. rain here for some not at all. it will be cloudy. for other
let's check in with steve. >>> tara, thank you. rain steady, moderate, almost approaching heavy now. you can see an enhancement taking place. maybe a quarter inch to an inch of rain along the san mateo coast, skyline and santa cruz mountains. already san francisco is approaching a half inch of rain. another quarter to an inch to the north and south. but there is a pretty good looking ban going over us. san francisco almost a half inch of rain. there is a line. you can see stretching...
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[applause] >> thank you, steve. i would like to thank the secretary for his kind comments and i think it's important to note in addition to our united states senators, we are joined by the entire colorado delegation. our members of congress, diana degette, jared polis, cory gardner and congressman perlmutter. i had the great privilege to be with our former senator in the shadow of the rocky mountains where this tree once stood and we now have the high privilege of standing in the shadow of the capitol of the united states of america to be able to celebrate this season. when we went to carve that tree, we were joined there by members of the ute tribes. they are inherent to our area. the people of the ute tribes, they have a word that things are good -- to make sure that all is good. native american culture, it's about wind, about the sky, the land, and water. and from that, growth and life comes. this tree, which will represent the spirit of the state of colorado and indeed our nation speaks also to the importance as
[applause] >> thank you, steve. i would like to thank the secretary for his kind comments and i think it's important to note in addition to our united states senators, we are joined by the entire colorado delegation. our members of congress, diana degette, jared polis, cory gardner and congressman perlmutter. i had the great privilege to be with our former senator in the shadow of the rocky mountains where this tree once stood and we now have the high privilege of standing in the shadow...
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Dec 4, 2012
12/12
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CNBC
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i have to go steve forbes. the most supply side oriented tax of all is the tax on risk and wealth, namely capital gains tax, risk wealth high risk stock investment. every time the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher rates it's capital gains. >> that's right. people start taking gains and hold on to what they have. that means capital is not put to work. in the early 1990s the economy was starting to get a real head of steam. not enough to save george h.w. bush but that slowed in '93 and '94. when republicans came in, cut spending, killed hilary care and alan greenspan had a sensible monetary policy, the economy started to recover and then clinton got the religion, he cut capital gains. >> steve is giving your man all these kudos and you
i have to go steve forbes. the most supply side oriented tax of all is the tax on risk and wealth, namely capital gains tax, risk wealth high risk stock investment. every time the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher...
158
158
Dec 10, 2012
12/12
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CNBC
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stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing...